Employers Begin Rehiring the Laid Off:

""RIF" Carnage Is Back On Wall Street: Here's The Proof"

"Facing lower trading volumes, tough regulations, and lower profits, some of Wall Street's biggest companies have begun "RIF layoffs."

The upside is if the reason for breaking your contract as part of a "reduction in force" layoff, it's cheaper for the bank."

"So we've compiled how layoffs are affecting different Wall Street banks:"

http://www.businessinsider.com/wall-street-rif-layoff-carnage-is-back-heres-the-proof-2011-6#goldman-sachs-1

"Planned Job Cuts Increase by 12% In June, Second Sequential Increase"

"Forget new job formation. According to the just released Challenger jobs report, job destruction is starting to be an issue again, after the June report disclosed that "the number of planned job cuts announced by U.S.-based employers increased by 4,297 or 11.6 percent to 41,432 in June. The June increase is the second in as many months."

"The largest job cuts in June were not surprisingly in the government sector at 10,176, followed by health care, food, aerospace/defense and entertainment/leisure. Only 7 people were said to be expected to be fired in Real Estate."

http://www.zerohedge.com/article/planned-job-cuts-increase-12-june-second-sequential-increase

poor, poor steveF

Is it any coincidece that the economy started a double dip right around the same time the Republicans cut $38 billion out of the budget?

I thought it was because of Wbottom.

wheres zerohedge ?

Fewer lawyers being hired around the country and at significantly lower salaries:

http://taxprof.typepad.com/taxprof_blog/2011/07/nalp-reports.html

that was yesterday news , what about today ?

"ADP Prints At 157K On Expectations Of 70K, Up From 36K In May"

"Today’s ADP National Employment Report estimates employment in the service-providing sector rose by 130,000 in June, nearly three times faster than in May, marking 18 consecutive months of employment gains"

"The only question now is whether we are back to the old regime when the ADP consistently beats NFP numbers and has absolutely no correlation with what the BLS reports."

http://www.zerohedge.com/article/adp-prints-157k-expectations-70k-36k-may

actually if you just use the last years data the 2 are .6 positively correlated, but I admit thats biased. what is zerohedges prediction for tomorrow ? I again like the over.

"How Long Until Employment Recovers?"

"( ) the U.S. economy needs to create 125,000 jobs per month to keep up with population growth. Growing jobs at this rate each month since the start of the recession and assuming the economy starts generating 200K, 300K, and 400K jobs per month produced the following chart: "

http://macromarketmusings.blogspot.com/2011/07/colin-barr-awhile-back-had-article.html

So employment will more or less reach parity in:
2014 at 400K
2017 at 300K
2023 at 100K

http://cr4re.com/charts/charts.html#category=Employment&chart=JobLossesRecessionStartMay2011.jpg

Have a nice day.

These are all known things. Maybe you can impress us with some thoughts of your own ? fyi..ADP has understated the the last 4 NFP's

My thoughts are that no one on SE gives a s$#t as national unemployment has zero impact on NYC RE prices. :)

Jobs are impossible to find. My advice, move to ohio... or queens.

well thats a start at least

yeeesh..

well, pulaski, this month's gain of 18k NFP aint covering no population growth!!

ADP is such a shit number--more often than not it reverse-correlates with BLS numbers

Unemployment just rose to 9.2% ... that's a good thing, because it sets the stage for lower unemployment in the future.

Excelsior!

"Stunner: NFP Up Just 18K, Unemployment Rate 9.2%, Household Survey Down 445,000, Birth Death +131,000"

"Complete disaster. Total jobs per the establishment survey: +18K on expectations of 105K, Private Jobs + 57K on expectations of 132K. Last month total was revised from 54K to 25K. Combined April and May revision down 44K. The household survey was down by 445K from 139,779 to 139,334. Birth death adjustment + 131K. Complete disaster for Wall Street's economists the lowest prediction of whom ()was at 60K from Bob Brusca."

http://www.zerohedge.com/article/stunner-nfp-just-18k

Dear, oh dear... :(

We're headed toward job destruction next month - watch out for negative job growth.

All medium-term economic indicators indicate disaster through December. All caused by - you got it! - the stagflation caused by QE-Stupid.

Yet stocks and commodities rally. Why? BUBBLE.

And nothing will pop the speculative bubble until the money is withdrawn from the system. This is a Paul Volcker moment. More stimulus - QEIII - will make things even worse.

Monetarism is a failure.

"Employment Summary, Part Time Workers, and Unemployed over 26 Weeks"

"The only good news is that June is over.

There were few jobs created in June (only 18,000 total and 57,000 private sector). The unemployment rate increased from 9.1% to 9.2%, and the participation rate declined to 64.1%. Note: This is the percentage of the working age population in the labor force.

The employment population ratio fell to 58.2%, matching the lowest level during the current employment recession.

U-6, an alternate measure of labor underutilization that includes part time workers and marginally attached workers, increased to 16.2%, the highest level this year.

The BLS revised down April and May payrolls showing 44,000 fewer jobs were created than previously reported.

The average workweek declined slightly to 34.3 hours, and average hourly earnings ticked down. "In June, average hourly earnings for all employees on private nonfarm payrolls decreased by 1 cent to $22.99. Over the past 12 months, average hourly earnings have increased by 1.9 percent."

This is the second consecutive month with dismal numbers.

Through the first six months of 2011, the economy has added 757,000 total non-farm jobs or just 126 thousand per month. There have been 945,000 private sector jobs added, or about 158 thousand per month. This is a better pace of payroll job creation than last year, but the economy still has 6.98 million fewer payroll jobs than at the beginning of the 2007 recession.

There are a total of 14.1 million Americans unemployed and 6.3 million have been unemployed for more than 6 months. Very grim numbers."

"This was a terrible report and the only good news is Q2 is over."

http://www.calculatedriskblog.com/2011/07/employment-summary-part-time-workers.html

In other news, 44.7 million Americans are on food stamps. This is all going to end in tears, isn't it.

"Cisco Said to Plan Cutting as Many as 10,000 Jobs to Revive Profit Growth"

"Cisco Systems Inc. (CSCO), the largest networking-equipment company, may cut as many as 10,000 jobs, or about 14 percent of its workforce, to revive profit growth, according to two people familiar with the plans.

The cuts include as many as 7,000 jobs that would be eliminated by the end of August, said the people, who asked not to be identified because the plans aren’t final. Cisco is also providing early-retirement packages to about 3,000 workers who accepted buyouts, the people said. "

http://www.bloomberg.com/news/2011-07-11/cisco-may-cut-about-5-000-jobs-in-august-gleacher-analyst-says.html

Don't worry. All wil be better with a corporate tax holiday on repatriated profits. Unicorns for everyone!

And as bad as the 18,000 figure was for the June jobs report, it will be even worse when the Labor Dept. revises it downward. They revised May down by over 50%.

"Weekly Initial Unemployment Claims increase to 418,000"

"Special Factor: Minnesota has indicated that approximately 1,750 of their reported initial claims are a result of state employees filing due to the state government shutdown.

In the week ending July 16, the advance figure for seasonally adjusted initial claims was 418,000, an increase of 10,000 from the previous week's revised figure of 408,000. The 4-week moving average was 421,250, a decrease of 2,750 from the previous week's revised average of 424,000."

"This is the 15th straight week with initial claims above 400,000, and the 4-week average is at about the same the level as in January. "

"This increase was about at expectations. With all the recent layoff announcements (Borders, Cisco, etc), there is some concern that weekly claims will rise over the next couple of months. From the WSJ:

Companies are laying off employees at a level not seen in nearly a year, hobbling the job market and intensifying fears about the pace of the economic recovery.

Cisco Systems Inc., Lockheed Martin Corp. and troubled bookstore chain Borders Group Inc. are among those that have recently announced hefty cuts"

http://www.calculatedriskblog.com/2011/07/weekly-initial-unemployment-claims_21.html

More mass layoffs will follow. About 10,000 people in Florida are getting laid off tomorrow due to the end of the space shuttle program.

"City's jobless rate rises as recovery stagnates"

"It's a small increase, to 8.7% in June, yet it marks the fourth straight month without a noticeable decline in New York City's jobless rate."

"The city added 51,400 private sector jobs in the 12 months ending in June. The 1.6% growth rate, “is pretty good by historical standards,” according to James Brown, principal economist at the labor department. But 90% of the gains came in just two sectors: education and health services and professional and business services. "

"Wall Street had added 2,600 jobs in the first quarter of 2011, after netting 6,200 last year. But since the start of the year, the all-important sector has shed 2,900 positions. "

http://www.crainsnewyork.com/article/20110721/FREE/110729970

No, Socialist, they're not getting laid off, they're getting rightsized.

So much for the UBS angle:

http://www.msnbc.msn.com/id/43947548/ns/business-real_estate/

"300 Middle Class Families Are Sleeping In An Albuquerque Gym After Losing Their Homes And Jobs"

"The BBC's Paul Mason took a drive through the American southwest comparing the plight of today's displaced families with those of the dustbowl years, highlighted in John Steinbeck's Grapes of Wrath.

Cruising along Route 40 and old Route 66, Mason discovered 300 homeless families living in one Albuquerque shelter alone."

http://www.businessinsider.com/middle-class-shelters-losing-their-homes-2011-7

"HSBC to Announce 10,000 Job Cuts"

"Huge ops. in NY."

http://streeteasy.com/nyc/talk/discussion/27702-hsbc-to-announce-10000-job-cuts

"Job Cuts Surge 59% In July, Highest Since March 2010 As Hiring Intentions Plunge"

"Those looking for an optimistic early look of this Friday's NFP (nobody cares about the ADP any longer) should probably avoid the Challenger lay off data just released. As Bloomberg summarizes, U.S. planned firings up 59% Y/y in July to 66,414, led by pharma, retail; largest number in 16 months. The number includes Merck’s plan to cut ~13k jobs. This 3rd consecutive increase; “seems to provide additional evidence” recovery has stalled, according to CEO John A. Challenger."

http://www.zerohedge.com/news/job-cuts-surge-59-july-highest-march-2010-hiring-intentions-plunge

"ADP: Private Employment increased 114,000 in July"

"Employment in the U.S. nonfarm private business sector rose 114,000 from June to July on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The estimated advance in employment from May to June was revised down modestly to 145,000, from the initially reported 157,000."

http://www.calculatedriskblog.com/2011/08/adp-private-employment-increased-114000.html

BLS reports on Friday.

"July Employment Report: 117,000 Jobs, 9.1% Unemployment Rate"

"The U.S. economy added 117,000 jobs in July and an even larger 154,000 in the private sector while the unemployment rate fell to 9.1% from 9.2%, partly because 193,000 people dropped out of the labor force, according to the latest government data. Job gains in May and June were also revised up by a combined 56,000, the Labor Department reported Friday. Average hourly wages rose 10 cents, or 0.4%, to $23.13. The workweek was unchanged at 34.3 hours."

"This was still weak, but better than expectations( )"

http://www.calculatedriskblog.com/2011/08/july-employment-report-117000-jobs-91.html

"Average Length Of Unemployment Surges To New All Time Record 40.4 Weeks"

"We already learned that the one biggest red flag in unemployment data had been raised when we found that the labor force participation rate was the lowest since 1984. Now we find that the other critical data point: average length of unemployment, just hit a new all time high of 40.4 weeks in July, up from the previous record of 39.9 in June."

http://www.zerohedge.com/news/average-length-unemployment-surges-new-all-time-record-404-weeks

"Here Comes "Going Postal" The Sequel: US Postal Service To Cut 120,000 Jobs To Avoid Bankruptcy"

"As of today, we finally welcome the USPS to reality which has announced that, in an attempt to avoid bankruptcy, it is now seeking to reduce its total overhead by 20%, or a whopping 120,000 workers (a number which would amount to roughly an increase of 0.1% in the national unemployment rate). Ah yes, but this is prohibited by existing union contracts. Furthermore, WaPo writes that "SPS also wants to withdraw its employees from the health and retirement plans that cover federal staffers and create its own benefit programs for postal employees." Good luck trying to convince a labor union that cutting an ungodly amount of jobs is for the greater good. "

http://www.zerohedge.com/news/here-comes-going-postal-sequel-us-postal-service-cut-120000-jobs-avoid-bankruptcy

The postal workers' contract has a no lay off clause. OOPS!

"BANK OF AMERICA FIRING 10,000 -- Some Now, Some Later"

"Bank of America is planning to eliminate more than 10,000 jobs, Dan Fitzpatrick of the Wall Street Journal reports.

3,500 folks will get the axe this quarter. And then another 6,500 or more will get canned"

"The 3,500 sent packing this quarter will include "hundreds" of employees in investment banking and trading, with about 3%-5% of those divisions eliminated."

"44 executives are in charge of the (firings) restructuring. They've been given the euphemistic nickname "catalysts.""

http://www.businessinsider.com/bank-of-america-firing-10000-2011-8

'Tis the season to be jolly, fa-la-la-la-la, la-la-la-la.

"UBS To Layoff 3,500"

"UBS announced today that it will eliminate 3,500 jobs over the next two and half years as part of the bank's cost-cutting efforts."

"Nearly half of the job cuts will be in the investment banking division, UBS said in a statement. The remaining cuts will come from the wealth management and asset management businesses."

http://www.businessinsider.com/ubs-layoffs-2011-8

"Initial Claims Surge Far Higher Than Consensus, 1.2 Million Americans Have Dropped Off Extended Benefits Claim In Past Year"

"The collapse in extended benefits, as the 99 week cliff claims more and more, means that 20K people fewer collected post Continuing Claims benefits, with those on EUC and extended benefits down from 5.8 million a year ago to 3.6 million: this is 1.2 million Americans that no longer can collect anything from Uncle Sam."

http://www.zerohedge.com/news/initial-claims-surge-far-higher-consensus-12-million-americans-have-dropped-extended-benefits-c

"Obama's Latest Stimulus: Handing Out Jobless Benefits To Striking Workers"

"One of the oddities that seemed out of whack in this morning's weekly Unemployment Claims update was the explanation for the spike in this week's receipents of government generosity: apparently it had to do with the BLS handing out weekly benefits checks to striking Verizon workers. "

http://www.zerohedge.com/news/obamas-latest-stimulus-handing-out-jobless-benefits-striking-workers

On strike? No worries! Government will pay out of tax payers pocket! Total BS. :/

"August ADP Private Payrolls At 91K On Expectations Of 100K, Down From Revised 109K"

"The perpetually wrong ADP report for August has come, printing at 91K, on expectations of 100K, and down from a downward revised 109K (previously 114K). How much of a leading indicator to Friday's NFP this is is anyone's guess: historically the ADP's error factor has been between -100% and +100%. Also as a reminder, the report does not account for the Verizon employee strike which impacted initial claims last week and which according to Goldman will likely be an addition downward wildcard in Friday's NFP."

http://www.zerohedge.com/news/august-adp-private-payrolls-91k-expectations-100k-down-revised-109k

And Chicago PMI slows, just like all the other indicators.

Yet stocks and oil SURGE again.

Totally predictable. Still in bubble mode....

FYI the ADP survey only counts names on payrolls, not whether they're actually receiving pay or not.

"JOBS REPORT DISASTER: ZERO NEW JOBS IN AUGUST"

"The number is out:

Disaster:

Zero new jobs created in August.

A big fat goose-egg.

This is much worse than the 68K that was expected by analysts."

http://www.businessinsider.com/the-august-non-farm-payrolls-report-2011-9

Getting worse; QEII Bubble Bursting.

This 0 jobs is, of course, after a drastic downward revision of July's number. Everything's being revised downward. Not good.

What's needed is a Jobs Bill - exactly what St. Ronald did in the 80's: build infrastructure.

The only thing that can save this country is for unemployment to substantially spike so that there will be riotiing in the streets. 9% unemployment is not good enough. We need at least 15%. Then things will change.

"Then things will change. "

Yes, Sarah Palin will be elected President.

and Michelle Bachman as VP. Get a good dose of estrogen and buckshot in the White House: just what we need!

"Employment Summary, Part Time Workers, and Unemployed over 26 Weeks"

"The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose from 8.4 million to 8.8 million in August. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job."

"According to the BLS, there are 6.034 million workers who have been unemployed for more than 26 weeks and still want a job. This was down from 6.185 million in July. This is very high, and long term unemployment is one of the defining features of this employment recession."

http://www.calculatedriskblog.com/2011/09/employment-summary-part-time-workers.html

And this:
http://cr4re.com/charts/charts.html?Employment#category=Employment&chart=EmployRessalignAug2011.jpg

But hey, it's a long Labor Day weekend, so who cares, let's party! Wait a tick. Labor Day? Oh, the irony.

Productivity down - means more layoffs coming....

I thought productivity being down is GOOD because it forces companies to hire more workers. Isn't that why most European countires have lower unemployment than the U.S.? Their workers are rather unproductive and go on vacation or strike every other month.

It forces companies to import workers from other countries, whether illegal or illegal, OR to export their jobs to more productive locations outside of their home country. Is that what you want?

Fewer lawyers being hired around the country and at significantly lower salaries:

i just saw this...... There is hope.

Like workers in China and India are productive. It takes several of them to do the job of one U.S. worker.

"Fewer lawyers being hired around the country and at significantly lower salaries:

i just saw this...... There is hope."

First they came for the lawyers, and I did not speak up...

During weekends, I make citizens' arrests of illegal immigrants and the employers who hire tham and lock them in my crawl space. I then deport them all on my own. That reminds me, I have yet to see your Social Security card.

I thought productivity being down is GOOD because it forces companies to hire more workers.

Government workers are usually not as productive. That is why there are so many. so i guess you are correct; it the government worker is unproductive.. hire more government workers. the more unproductive they are, the more will they will hire. that will solve the unemployment problem. And, that will give the government more excuses to tax business more. to pay for all those unproductive government employees. Taxing business more will only make them more profitable. with that extra profit, instead of investing in their business, they will give it to the government so it can hire more unproductive workers.. so yes it is good. thats how to create demand hire more uneducated, unproductive, employees.

"Taxing business more will only make them more profitable."

Finally something we can agree on!

yes, i thought you would... wow... and I had some hope when I saw that post about the lawyers.

i give up.

You obvivously totally misunderstood the comment I made about the lawyers...

Productivity being down is a sign that more layoffs are coming.

"Government workers are usually not as productive." That is simply untrue.

Government workers are usually not as productive." That is simply untrue.

I guess you do not own a car. If you do... is it registered?(again rhetorical)

I don't currently own a car, but I have. I've also dealt with incompetence and slow lines at banks. What's the point?

But let's see: the government runs the army, navy, air force, marines, police, many hospitals, the VA, Medicare, schools, parks, playgrounds, Social Security....

Which of them is less efficient and/or worse than dealing with an insurance claim?

Who delivered your mail yesterday Brooks? What about the mail you got the day before and they day before that? Who delivered it?

The Post Office is not efficient. It's not only broke but in need the number of post offices, elimination of Saturday delivery, and the use of technologies being used in Europe. The post office has basically been reduced to begging the big banks to slow down their use of electronic mail for monthly statements.

The post office greatly needs to reduce the number of post offices.

Yeah, but politiciaans don't want post offices in THEIR states/ districts to be closed. Only in someone elses'

In fact the majority of the bills passed by the current Congress and signed into law by Obama involved re-naming post offices. If we shut down so many post offices, what will politicians get named after themselves after they leave office? Then COngress will have to pass REAL legislation if they can't simply spend all their time re-naming post offices.

Why doesn't the U.S. have a system like this?
by definition a gov't operation doesn't have to be less efficient, it just always seems to be that way..
------------
At least one country is making postage stamps a relic of the past. The Swedish postal service is ditching stamps in favor of a text message payment system.

After mobile users send a text, they will receive a reply that includes a code to be written on a piece of mail that will represent paid postage. It will work for packages weighing up to two kilograms.

"We're very interested and are just now looking into a solution," the postal service's head of marketing and development Anders Asberg told The Local, an English-language Swedish news site.

Denmark will unveil a similar system on April 1. There is no launch date for Sweden's SMS postage service, but Asberg said it "wouldn't be before the summer."

Postal services around the world have no doubt suffered as email, SMS, and social networking make communication faster and easier. Why send a letter when an email is fast, free, and paperless? But according to The Local, mail services in both Sweden and Denmark are counting on people continuing to use the dying communication form.

The U.S. Postal Service has continued to increase its rates over the past decade. It last increased stamp prices to $0.44 in May of 2009. The USPS sought to increase the price again in January of 2011 to $0.46, but it was denied the request. Asberg, however, said the new text message system will not affect postage prices in Sweden.

http://www.pcmag.com/article2/0,2817,2381577,00.asp

UPS's earning per share is ~ $4.. so yea privatize the USPS. and by stock in smith and wesson.

The text system is a great idea. I'm sure senior citizens wil have no problem using such a system.

Who delivered your mail yesterday Brooks? What about the mail you got the day before and they day before that? Who delivered it?

I get too much spam as it is.

And When I check my mail box, its filled with bills and tax requests form the IRS.. so i prefer not to check my mail box

Those tax requests are scams. The IRS does not send those out through e-mail.

Think about it, how much of the mail we get really needs to be in paper form? The vast vast majority could be delivered electronically. Mail that is delivered could be scanned, processed and forwarded and optionally printed out. The cost savings are huge and increases recycling or eliminates paper entirely which cuts out energy footprint and reduces the harvesting of trees. Its time for the Post Office to join the 1990's if not the naughts.

http://www.nytimes.com/2009/07/13/technology/internet/13mail.html

Forward the e-mails to phishing@irs.gov

And mail that's delivered electronically can be filed as such and organized instead of sitting in a shoe box or burried in the back of the closet.

and my mortgage, i don't pay that either. I am waiting for the government to reduce that burdensome payment.

I've also dealt with incompetence and slow lines at banks.

really? with a chase on just about ever corner in manhattan. you have stood in line for more than 5 minutes when you could not have used an atm? be real...

I've stood on line for very long periods of time at LOwe's and Home Deot. They have only ONE register with an actual chasier, and everything else is an automated register. I couldn't use the automated register since I was buying clearnace items. Absolutely absurd.

"the use of technologies being used in Europe"

You're a bigger fool than I thought, Riversider. First, Europe has horrible mail service - if you ever lived there, you'd realize it. Second, their stamps are much more expensive than ours. Third, their countries are much smaller and don't have the vast rural spaces that we have in the US, where the mail still has to be delivered. And fifth, the get MASSIVE government subsidies, which the US Postal Service does not.

Apparently, nobody here ever stood in line at the Duane Reade.

LOL,
I guess I should take pride in my over-priced inefficient junk mail delivery.

Maybe if we made gov't more efficient we could afford more health care and some other things people want to do.

Or maybe we can stop wasting money on the military industrial complex and restore tax rates to their historical norms.

The 16th Amendment didn't even come into law until less than 100 years ago.

But if we did "restore" taxes, what should government do with the money?

"Maybe if we made gov't more efficient we could afford more health care and some other things people want to do."

The two most efficient providers of healthcare in the US are the VA medical system and Medicare. That's right - SOCIALIZED MEDICINE. It's far more efficient, with much lower overhead and operating costs, than private healthcare insurance.

So much for more Ayn Rand crapola. Some things the government does horribly: fashion. Other things it does very well: healthcare, education, transportation, and police.

What kills me is that the biggest "free marketers" are the ones most reliant on government subsidies: agribusiness, energy, defense contractors, and, worst of all, banks. The entire west of the US, and a good portion of the south - you know, the Red States - were made possible courtesy of WPA projects: dams, rural electrification, swamp drainage, flood control.

And if you don't believe me on "socialized medicine" - fool - look at the life expectancy of countries with "socialized medicine" - same as or better than ours - and the amount it costs them to achieve that: less than half of what we pay.

Our "free market" healthcare system is the least efficient, most wasteful system in the world. So, according to Armey's Army - we should have more of it!

>Our "free market" healthcare system is the least efficient, most wasteful system in the world.

Steve, have an open mind. You see waste, Socialist sees
1 - More people employed, shuffling papers and/or
2 - Healthcare provider and drug company CEOs making a lot of money that could be taxed away, and doctors making a lot of money that can be sued away.

what do you see?

I see a senile, frail old man with a shady past, up in columbia county.

and when I say that, I hear my best Haley Joel Osment voice in my head.

[by the way, what is with the people with 3 names?]

I would be willing to bet that we have way more healthcare fraud in the U.S. than in countres with evil socialized medicine. You have scum like Rick Soctt stealing as much money from the system as possible.

Well, I'm not so familiar with the Florida Governor. How did the corrupt Republican ever manage to beat the Democratic former president of Florida Operations at Bank of America?

i see a pathetic wanna be, perhaps shut-in, somewhat highly functioning pathetic wreck of a human being.

Where?

with an unknown warped agenda.

where? what channel? do we get it on Time Warner Cable or FIOS?

>>Or maybe we can stop wasting money on the military industrial complex and restore tax rates to their historical norms.

you started making sense.... "stop wasting money"...... I agree-- Government is too big -reducing that bloated military industrial complex is part of it. So I had sensed maybe .. just maybe you were seeing the light. then you uttered that three letter word T A X .
If we reduced the size of government we would not need to increase taxes.
why do you tease me like that?

"Taking the Job Gap to the State Level: A Closer Look at the August Employment Numbers"

"America’s job gap, the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while absorbing the 125,000 people who enter the labor force each month.

The August “job gap” is estimated at 12.4 million jobs, up 180,000 jobs from July."

"If the economy adds about 208,000 jobs per month, which was the average monthly rate for the best year of job creation in the 2000s, then it will take until February 2024—almost 12 and a half years—to close the job gap."

http://www.brookings.edu/opinions/2011/0902_jobs_greenstone_looney.aspx

:(

No question things suck. Commodities / stock bubble caused by QEII made it worse.

Worse still - the few jobs that are being created are in low-wage sectors. You know, those DEMONS who don't make enough to pay income tax. FREELOADERS ALL.